Guest Speaker: Amy Salin

*UW Seattle campus

*UW Business Plan Competition
*Health Innovation challenge (prototype challenge)
-Health app
-Health data
-Diagnostic tests
*Environmental Innovation challenge (8^th year)

*Challenges tend to lead to Business Plan Competition

-Business Plan -> New Venture Competition (rename pending) (“Business Plan” is intimidating)
*Business Plan Competition Timeline
-Screening Round – Online, judging points
?Pushiness?
-Investment Round – It’s a trade show, booths. Be confident, but not pushy. Judges have 1000 fictional dollars.
--Handouts
--Saurkraut company
-Coaching round – Mandatory, uncompetitive.
?Gender ratio?
-Prizes for top 4.
-Investment Round has separate prizes, like “best idea.”
--Special idea – benefits low income seniors. (AARP foundation)
--Internet of things prize.

 *Academic exercise, looks good on a resume.
*Google how to find patents, talk to mentors.

*Screening round fail: Not doing enough research, not answering the questions. Meaningless financials, make them defendable.
-Do admit there is competition. –Do not overestimate market
*Can recruit non-students
(?) * Website has past winners and entrants. Success stories.
*Careful with whether your team is friends or not.
-Have hard talks early. Have stuff in writing.
*Only people with nametags can talk to judges. Got 4 nametags.
?Not going. What do I draw from this?
*Project manager – technical, finish thing.
*Program manager – Ongoing campaign, sales and marketing.